Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Flan who wrote (2648)	10/31/1997 6:17:00 PM
From: Lucretius	Read Replies (1) of 95453

You're right the NYSE is superior to the NASDAQ because of the specialist (not "speacialist,"- there's no such animal my friend!) system. There isn't as much room for price manipulation. Likewise you're also right that limit orders are executed away from the specialist. BUT, like I said a specialist will take a stock down to a whole number assuming he can stop people out because the small investor many times places a stop there not because he sees the order sitting there and wants to stop out some miniscule 500 share order. I don't want to turn this into "I know more about the specialist and market maker systems than you do." That's better left for elementary school yards. I was just trying to answer some guy's question and help him out. If you want to believe I don't know what in the world I'm talking about, so be it. I'll just continue to live in my dream world, and we can all get to discussing oil drillers. -Lucretius -Sincerely, I'm curious if I know your relatives at the NYSE. Who are they? or if you don't want to name names, just tell me which issues they deal in, and I can figure it out for myself.

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